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Generative AI: A global guide to key IP considerations
Artificial intelligence (AI) raises many intellectual property (IP) issues.
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Canada | Publication | January 4, 2024
Institutional Shareholder Services (ISS) has published its proxy voting policy updates for the 2024 proxy season (the ISS Updates). The ISS Updates follow the release of Glass Lewis’s 2024 benchmark policy guidelines in November 2023 (the GL Updates). The ISS Updates apply to meetings held on or after February 1, 2024.
The updates mainly focus on voting recommendations that address the goal of greater board diversity. Changes have also been made to voting recommendations for executive compensation plan proposals. The changes are as follows:
The new guideline reflects a similar policy in place in the US since 2021. The formalized guidance is more lenient than originally proposed as it now provides issuers that have no racially or ethnically diverse directors the ability to not be off-side the recommendation if they publicly announce their intention to diversify. The ISS Updates follow the 2020 amendments to the Canada Business Corporations Act that broadened disclosure of board diversity beyond gender. The Canadian securities regulators are currently considering enhanced disclosure of board diversity.
The GL Updates are broader than the ISS Updates and introduce key amendments, including board oversight of climate-related disclosure, human capital management and cyber risk. In addition, the GL Updates address board composition and governance issues, including conflicts of interest of interlocking directors and increased expectations of audit committee members. A full description of these changes can be found in our earlier update Glass Lewis publishes 2024 proxy season updates.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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The UK remains a world leader in offshore wind, accounting for roughly 20 percent of global offshore wind capacity, with 11.3 GW operational. It is forecast that installed capacity will rise to 19.5 GW by mid 2020s.
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The Energy Performance of Buildings Directive (the Recast EPBD) entered into force on 28 May 2024. The Recast EPBD repeals the Energy Performance of Buildings Directive 2010 (the Repealed EPBD). The Repealed EPBD will remain as transposed in the laws of England and Wales, and the Recast EPDB will only be transposed into the national legislation of EU Member States. The overarching aims of the revisions set out in the Recast EPBD reflect the common themes of European climate legislation to speed up the transition to renewables and rapidly reduce energy consumption. We set out below a summary of the key provisions under the Recast EPBD, when the provisions take effect and a comparison with the Repealed EPBD.
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